Financial derivative instrument: Difference between revisions

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What is an eligible derivative for a UCITS to invest in.
What is an eligible derivative for a UCITS to invest in. This little nugget cleared up a whale of confusion, fear and loathing that had existed in UCITS III about whether a derivative needed to be actually terminable, or whether the UCITS needed only to be able to offset its risk to the derivative position somehow. This makes it clear the trade must be terminable at any time.